The Ending Retained Earnings Balance of Brothers Company Is $700,000

question 139

Multiple Choice

The ending retained earnings balance of Brothers Company is $700,000.During the current year,net income is $370,000 and dividends declared are $150,000.What is the beginning balance in retained earnings?

• A) $480,000
• B) $580,000
• C) $800,000
• D) $1,060,000

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